Good Evening Dynamic Traders,
The previously mentioned AUD has not done much since the last post despite news items. The bars are fairly small and there appears to be some indecision going on. The best thing to do here is to wait and watch before taking any action.
The GBPCHF pair has been through the consolidation and has provided us with a breakout. Price is now heading upwards towards the VI and previous resistance. It will be interesting to see if it makes it to the next level of resistance or whether today was just traders remorse and price will start continuing the trend. Personally, I don't have enough signals to for entry and going long means going against the recent trend so I will wait aside for price to tell me more.
The GBPCAD pair is showing signs of a squeeze. Having bounced off the VI twice price is trying to test it a third time, will we have a triple top in a downtrend? Note the other confluences that price will be facing close to the VI, this should give you good signals if you are patient.